CUL 0.00% 1.3¢ cullen resources limited

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    Cullen Resources Limited is pleased to announce the results of an initial RC drilling programme (12 holes for 1024m) completed at its Coolgardie Gold Project (option to purchase M15/237,128, P’s15/4570-4572 and 15/4593, and MLA 15/876) – see Figures.
    Cullen’s results include - all in “Hole 1”:

    5m @ 2.72 g/t Au from 60m;

    3m @ 60.6 g/t Au from 69m (including 1m @ 173 g/t Au);

    13m @ 1.91 g/t Au from 96m; and,

    4m @ 1.26 g/t Au from 126m to end-of-hole
    testing below an historical intersection of 4m @ 3.5 g/t Au in “BEX 13”;
    and in “Hole 12”, testing the same lode 40m along strike to the south west:

    4m @ 6.00 g/t Au from 92m, and

    3m @ 2.53 g/t Au from 111m
    beneath an historical intersection of 7m @ 4.88g/t Au in “BEX 11”.
    These results, showing gold mineralisation related to quartz veining and sulphidic porphyry and dolerite, underline significant potential for high-grade, lode-style mineralisation within the Melanie Anne prospect area (M15/237) – see Figures.
    Cullen also completed two holes from the floor of the southern limit of the A-Cap open pit (from where it has been reported that ~190,000t of ore at 1.8 g/t Au for 11,000 ozs was produced in the mid-1980’s). The pit extends to approximately 10m depth, from where Cullen’s drilling intersected:

    9m at 3.27m from 27m in Cullen Hole 10, and

    3m @ 5.10 g/t Au from 30m in Cullen Hole 11
    Unit 4, 7 Hardy Street
    South Perth | Western Australia 6151
    Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588
    E-mail: [email protected]
    These results strongly suggest that potential for porphyry-hosted, quartz vein and stockwork mineralisation exists at A-Cap (M15/128) below the previously mined surface.
    Cullen's initial test of the north eastern portion of Melanie Anne Lode 1 - a parallel lode to Melanie Anne Lodes 2 and 3 - returned minor gold mineralisation (best 3m @ 1.02 g/t Au) and may not have gone deep enough. Cullen's traverse of four holes across the "McPherson's Reward porphyry" - along strike some 500m to the south west of the A-Cap pit (Cullen Holes 6 - 9) - did not return any significant intersections (see Table).
    Historical, high-grade Au intersections at Frank’s Find were not tested by Cullen in this first pass due to pending DOIR access approvals. There also remains scope to test a further 1km of strike of porphyry to the south of existing drilling within M15/128 which is only lightly explored to date.
    First-pass drill results strongly suggest potential for:
    high-grade, lode-style mineralisation at Melanie Anne, and;
    porphyry-hosted quartz vein/stockwork mineralisation at A-Cap
    Further drill testing of these targets and of the deeper portions of the Melanie Anne lodes is planned.
    Dr Chris Ringrose
    Managing Director
    +61 8 9474 5511
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